Bit Digital Stock Price on November 14, 2024
| BTBT Stock | USD 4.61 0.18 4.06% |
Below is the normalized historical share price chart for Bit Digital extending back to March 20, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Bit Digital stands at 4.61, as last reported on the 29th of November, with the highest price reaching 5.00 and the lowest price hitting 4.47 during the day.
If you're considering investing in Bit Stock, it is important to understand the factors that can impact its price. Bit Digital is very risky given 3 months investment horizon. Bit Digital secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have analyzed twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use Bit Digital Downside Deviation of 6.05, mean deviation of 5.42, and Risk Adjusted Performance of 0.0726 to evaluate company specific risk that cannot be diversified away.
At this time, Bit Digital's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 580.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 36.3 M in 2024. . At this time, Bit Digital's Price To Sales Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.50 in 2024, whereas Price To Free Cash Flows Ratio is likely to drop (5.34) in 2024. Bit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 20th of March 2018 | 200 Day MA 3.0533 | 50 Day MA 3.8352 | Beta 4.805 |
Bit |
Sharpe Ratio = 0.1407
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.17 actual daily | 63 63% of assets are less volatile |
Expected Return
| 1.01 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Bit Digital is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bit Digital by adding it to a well-diversified portfolio.
Price Book 2.2226 | Enterprise Value Ebitda 151.9326 | Price Sales 7.83 | Shares Float 136.7 M | Wall Street Target Price 6.125 |
Related Headline
Hut 8 Headline on 14th of November 2024
Hut 8 Mining Corp. Q3 2024 Earnings Call Transcript by insidermonkey.com
Operator Good morning, and welcome to Hut 8 Q3 2024 Financial Results Conference Call. After todays presentation, there will be an opportunity to ask questions.
Bit Digital Valuation on November 14, 2024
It is possible to determine the worth of Bit Digital on a given historical date. On November 14, 2024 Bit was worth 4.85 at the beginning of the trading date compared to the closed value of 4.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bit Digital stock. Still, in general, we apply an absolute valuation method to find Bit Digital's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bit Digital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bit Digital's related companies.
| Open | High | Low | Close | Volume | |
| 5.40 | 5.48 | 4.53 | 4.64 | 39,542,329 | |
11/14/2024 | 4.85 | 4.88 | 4.34 | 4.38 | 17,137,225 |
| 4.52 | 4.54 | 4.17 | 4.27 | 18,985,275 |
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Bit Digital Trading Date Momentum on November 14, 2024
| On November 15 2024 Bit Digital was traded for 4.27 at the closing time. The top price for the day was 4.54 and the lowest listed price was 4.17 . The trading volume for the day was 19 M. The trading history from November 15, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.51% . The overall trading delta against the current closing price is 3.65% . |
Bit Digital Fundamentals Correlations and Trends
By evaluating Bit Digital's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bit Digital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bit Digital Stock history
Bit Digital investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bit Digital will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bit Digital stock prices may prove useful in developing a viable investing in Bit Digital
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 87.5 M | 91.9 M | |
| Net Income Applicable To Common Shares | 5.6 M | 5.9 M |
Bit Digital Quarterly Net Working Capital |
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Bit Digital Stock Technical Analysis
Bit Digital technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Bit Digital Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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Bit Digital November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Bit Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bit Digital shares will generate the highest return on investment. By undertsting and applying Bit Digital stock market strength indicators, traders can identify Bit Digital entry and exit signals to maximize returns
Bit Digital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bit Digital's price direction in advance. Along with the technical and fundamental analysis of Bit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 0.1061 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0793 | |||
| Treynor Ratio | 0.1404 |
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Additional Tools for Bit Stock Analysis
When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.